MatX: Funding, Investors & Team (Oct 2026)
MatX, a computer chip manufacturer, is committed to building a computing system specifically designed for artificial general intelligence (AGI). Their expertise lies in developing hardware that integrates extensive knowledge in specific fields, graphics processing units, and multiple machine-learning models. The objective of MatX is to enable developers and programmers to improve the effectiveness, velocity, and cost-effectiveness of AI applications.
MatX has raised $605M across 3 funding rounds on record, the most recent a Series B of $500M announced in Feb 2026.
That round is above the $6.0M median round size for Artificial Intelligence companies tracked on FundedIQ over the last two years.
MatX Company Profile and Key Stats
Latest funding round on record: Feb 2026.
MatX Funding Rounds
MatX raised $24.9M in an undisclosed round announced in Dec 2023.
11 months later, a Series A of $80.0M was announced in Nov 2024.
1.3 years later, a Series B of $500M was announced in Feb 2026.
MatX Founders and Leadership Team
Contact details for the MatX team: 2 of 3 have an email address on file.
Start 14-day free trial →MatX Funding Compared to Other Artificial Intelligence Startups
MatX's latest round of $500M is above the median round in Artificial Intelligence. Medians cover the last 24 months of disclosed rounds.
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MatX Funding FAQs
What does MatX do?
MatX, a computer chip manufacturer, is committed to building a computing system specifically designed for artificial general intelligence (AGI). Their expertise lies in developing hardware that integrates extensive knowledge in specific fields, graphics processing units, and multiple machine-learning models. The objective of MatX is to enable developers and programmers to improve the effectiveness, velocity, and cost-effectiveness of AI applications.
How much funding has MatX raised?
MatX has raised $605M across 3 rounds on record. The most recent is a Series B of $500M announced in Feb 2026.
When did MatX last raise funding?
MatX's most recent funding round on record is a Series B of $500M, announced in Feb 2026.
Who founded MatX?
FundedIQ lists Mike Gunter (Founder), Reiner Pope (Founder) at MatX.
Who is the CEO of MatX?
Margaret Flores is listed as CEO at MatX.
Where is MatX headquartered?
MatX is based in Mountain View, California, United States.
How many employees does MatX have?
MatX is in the 11-50 employee band.
How does MatX's funding compare to other Artificial Intelligence startups?
MatX's latest round of $500M is above the $6.0M median round size for Artificial Intelligence companies on FundedIQ across 7,241 tracked companies over the last two years.
About FundedIQ's MatX Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for MatX is left off this page rather than filled in.
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